Of course, the American dream promises that a hard life will be rewarded for many years of nursing but really. A study published by the Pew Institute at the end of last year showed that every 5 Americans over 65 years old, one person is still working twice as much as 35 years ago. Meanwhile, according to the survey in July 2023 of Ipsios, 29% of Americans under 55 said that they would never retire. Another survey from the Labor Research Institute showed that one -third of the US workers thought that it would retire at the age of 70 or later or never. Yes, contrary to what you think Americans are not everyone at fake age.

The truth is that in the world's largest economy, the labor group over 75 years old only accounts for the small part of the labor force but is the fastest growing slice.

According to the US Labor Statistics Department in 2002, about 5% of people over 75 years of age are working, but by 2022 this figure has increased by 8%, as estimated by 2032 this rate will reach 10% while the rate of young labor stabilized or even slightly decreased. But why does Americans work for a lifetime because they continue to work, they don't like the sad and sad life. The answer is not so simple. The United States is one of the countries that regulate the world's highest retirement age, the earliest retirement in the US is 62 years old. However, according to the new government's regulations, those born in 1960 onwards will retire at the age of 67. But born in 1960 onwards, what is the problem.

Let's review a little history. In 1945, World War II ended, it was the battle to spend the most money and lives in history, but as well as after any post -World War Igia, the two countries of the United States experienced a period called Baby Boom, children born from 1946 to 1964. Baby Boom is richer and healthier than any previous generation, this powerful labor force creates a huge amount Soaring.

On the chart of this birth rate, the Baby Bomb period is the red line you can see that the birth rate has reached the highest level in 1949, and gradually decreased since 1958. By 1963, the birth rate of the United States reached the level of recession and since the Baby Boom was born now, this generation has been urging to enter the retirement age. If they were young, they created a powerful workforce to help America rich, when they got old, they became a huge retirement army and of course accompanied by millions of retired people every year is a small pressure on the social security system.

To weigh this retired army in the United States, a large workforce. However, the fake US population has never been seen according to the medium -aged US population statistical Department of this country in 2022 reaching a record number of 38.9 years old. Explain a little more, with the median age 38.9 means that the US has the number of people over 38.9 years old as the number of people younger than this milestone. That shows that the US population is abnormally old. In 1980, medium -sized was only 30, by 2000, the middle -aged US had skyrocketed to 35. The next two decades passed the middle age of the United States increased to nearly 39.

The first reason for this situation is that the period after the 2008 global economic crisis, the birth rate has decreased significantly compared to previous generations. The second factor is that women of the Geny generation born in 1981 to 1996 tend to prioritize learning and working at a young age. This leads to later marriage and have fewer children. Thirdly, most immigrants most immigrants to the US are people of working age often have more children than people who have been in the United States for generations. However, since 2016, the number of immigrants into the US has decreased even in the bottom of the CIVIV-19 epidemic.

Thus, the basic situation is that the percentage of retired people is greater than the number of young workers, which will threaten to break the social security fund and the medicare health program that takes taxes of current labor to pay for retired workers. Business Insider has surveyed 2700 Americans about their feelings with the economic situation and retirement plan. Just over half of the answer they need how much they need to have an old age and the average number is 1.27 million dollars, ie 30 billion. But most of them are only saving under $ 90,000 the main source of retired income in the US is from the social security fund and their own savings. But surveys show that few people have all these three sources, even some have no sources. Why is that?

Over the past five decades, the retirement system of the United States has had an important trend of workers, most likely enjoying the 401 (k) pension regime rather than traditional programs. Where are they different? Traditional pensions are called the welfare plan that is determined to pay a fixed amount sometimes based on the time the employee works at the company and the amount they are paid. In contrast, programs such as Fund 401 (K) pay based on the amount that the employee contributes during the time to work and suffered the fluctuations of the market.

In many decades of traditional retirement plans to ensure stable retirement workers, the average Americans with pensions receive $ 25,000 annually. However, retirement funds like 401,000 are increasingly popular, contributing to creating inequality. This is easy to understand because higher -income professionals tend to contribute more, so they will enjoy a higher pension. In other words, retirement has become a luxury only for those who are capable of paying only while less and less low -income households have a balance in their retirement accounts and also because the retirement is associated with the salary and contribution amount.

Women have fewer chances to have more retirement savings than men, simply because when working in the same position but women are often paid lower than men. Therefore, many people decide to still work including 60 and 70 years old because of good health to have more finance before resting and to cover their daily life. Survey of Chi Chance Momerica Retired Research Center showed that nearly half of the Baby Boom generation is expected to retire after 70 years of age or even without retirement. In recent years, everything has come, not like the plan of many retired Covid-19 people, the high inflation has made the pension money nor absorbed.

The National Council for the Elderly and the University of Massachuset Boston has analyzed data on the current property of 20,000 adults in the United States. The conclusion that they made a startled up to 80% of the elderly in the US lacked financial resources to pay for two years of care at the Nursing Hospital or 4 years in the pension community. Meanwhile, 60% of the elderly are not able to pay for home -prize care services, but having a home or being in a nursing home is very good. In recent years, the number of elderly people is at risk and currently in homelessness has increased rapidly in the United States.

The Research Institute of the Office of Health Policy and Aging Health Policy shows that by 2021, people aged 55 and older accounting for nearly one fifth of homeless people in the United States. This study estimates that the American group from 50 years of age and older falls into the state of homelessness will tripled by 2030. More and more Americans are worried about retirement, they are worried about not knowing the money, how long they will spend. To deal with this, many people go back to school to learn how to retire. The Colorado University's program is for example, they have done a graduation ceremony for the first 17 students of which half of them are newly retired. The rest is about to be peaceful, spending more than $ 3,000 or two nights per week for 4 months.

Students are taught how to plan to accomplish what should be done and not. Although not everyone broke out, the class gave them more choices and preparation more carefully before retiring. Of course, not all older people continue to work because of a piece of rice, with many people who really become love and motivation for life. Working at the age of 60, 70 is even more not easy, but many people consider it a way for every day they have an adventure.

Contrary to the common concept that the elderly are all financially strong, the reality of the American dream is much more fierce than learning how to retire the right retirement, continue to work with a welcome mind is probably the best scenario for the path that many Americans will have to go especially when the United States is getting older, and social security is increasingly uncertain. Elderly people cannot retire in the US, the story halfway around the Earth in a country is much richer than Vietnam. But will definitely remind us of our own thoughts.